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BIMBO (Buy-In Management Buyout)
Transaction type where additional/new management is brought in to supplant existing management when completing a buyout.
Comment:
A form of a buyout that incorporates characteristics of both a management buyout and a management buy-in. A BIMBO occurs when existing management - along with outside managers - decides to buyout a company. The existing management represents the buyout portion while the outside managers represent the buy-in portion.